Greencrest at Dubai Hills Estate Escrow Account

Mashreq Bank PSC holds the escrow account for Greencrest, account number 0190*****659 (shown in full in the Escrow Details section above), opened under DLD project number 4136 when the project was registered in October 2025.

Greencrest sells on an 80/20 plan, so the booking deposit of 10 percent and the seven construction installments of 10 percent each land in the escrow account first. The bank releases funds to Emaar only against construction stages certified by DLD inspections, and the closing 20 percent falls due on completion in June 2029.

The DLD inspection dated 7 May 2026 certified 1.2 percent completion, unchanged from the previous inspection, with the works recorded at the enabling stage. Construction started on 22 November 2025 and handover is expected in Q2 2029. Inspection detail is tracked on the Greencrest construction updates page.

No. The 4 percent registration fee is a Dubai Land Department charge payable at registration and sits outside the project escrow account, which holds the purchase price installments. Only the amounts listed as payment plan installments in the Sales and Purchase Agreement are paid into the escrow account.

Yes, the protection continues. Funds stay in the escrow account and continue to be released only against certified progress, regardless of the calendar. Escrow protects the capital while the project completes, though it does not itself compensate for delays; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Greencrest must go into the DLD-registered escrow account 0190*****659 at Mashreq Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are sent.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. This is exactly why paying only into the registered account matters: money sent anywhere else sits outside that protection. The wider framework is explained in the Dubai Land Department guide.

Yes, Greencrest at Dubai Hills Estate is a freehold project, open to all nationalities.

The property investment threshold for the 10-year Golden Visa is AED 2 million (approx USD 545,000). One bedroom apartments at Greencrest start from AED 1.57 million (approx USD 428,000), which sits below that threshold, while two bedroom apartments start from AED 2.60 million (approx USD 708,000) and clear it. The full requirements and application timing are covered in the Greencrest Golden Visa guide.